Monday, May 14, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on May 14.
KUWAIT:
AL WATAN
KUWAIT TAMDEEN REAL ESTATE TO LAUNCH KWD70M LOCAL PROJ NEXT YR
Kuwait's Tamdeen Real Estate Co. (TAM.KW) plans to embark next year on a new real estate project at a total cost of 70 million Kuwaiti dinars ($251.2 million).
Website: www.alwatan.com.kw
AL JARIDA
KUWAIT NORTHERN OIL OUTPUT TO GROW TO 800,000 B/DAY BY '13
Kuwait's oil output from its northern fields is currently at 700,000 barrels a day and is expected to grow to 800,000 barrels a day by March 2013.
Website: www.aljarida.com
EGYPT:
AL AHRAM
EGYPT'S FIN MIN SEES 2012/2013 BUDGET DEFICIT WIDEN TO EGP155B
Egypt's finance ministry expects the budgetary cash deficit for the fiscal year that ends June 2013, to widen to 161 billion Egyptian pounds ($26.7 billion), as millions of dollars is spent on boosting the minimum wage and introducing welfare benefits, said the prime minister Kamal Al Ganzouri.
Website: www.ahram.org.eg
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
14-05-12 0920GMT
